In the Reno-Sparks market the median price in January 2016 was $301,976 and by the end of the year the median price was $359,950, up 19.2%. We may experience similar increases this year due to limited inventory in many price ranges. Increasing prices coupled with rising interest rates are BOTH great reasons to buy now. Working with experienced professionals like the Shocket Team is key to navigating our market challenges. Reno-SparksRealEstate.com
- The Cost of Waiting to Buy is defined as the additional funds it would take to buy a home if prices & interest rates were to increase over a period of time.
- Freddie Mac predicts interest rates to rise to 5.1% by 2019.
- CoreLogic predicts home prices to appreciate by 4.3% over the next 12 months.
- If you are ready and willing to buy your dream home, find out if you are able to!